Is GALAXY CORRIDOR in Indore registered with MP RERA?

Yes, GALAXY CORRIDOR is an official MP RERA registered project (Registration No: P-IND-22-3449). The project is promoted by PARYAV REAL ESTATE PVT LTD and is currently marked as COMPLETED.

Who is the developer of GALAXY CORRIDOR?

GALAXY CORRIDOR is developed by PARYAV REAL ESTATE PVT LTD, an active real estate promoter in Indore, Madhya Pradesh.

GALAXY CORRIDOR | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for GALAXY CORRIDOR?

Data Provenance

Registration No

P-IND-22-3449FACT

Project Name

GALAXY CORRIDORFACT

Status

COMPLETEDFACT

Promoter

PARYAV REAL ESTATE PVT LTDFACT

Locality Link

UNMATCHEDNOT ASSESSED

Coordinates

Not available from sourceNOT ASSESSED

Last verified: 15 Aug 2026 · Source ↗

1. Project IdentityFACT

Official statutory registration record

Project NameFACT

GALAXY CORRIDOR

Registration NumberFACT

P-IND-22-3449

Project StatusFACT

COMPLETED

Project Type (Portal)FACT

New

First Seen in IndexDERIVED

15/8/2026

Last CrawledDERIVED

15/8/2026

2. Regulatory Economics & EscrowFACT

Project budget, land ownership, and escrow details

Planning AreaFACT

Indore

Land OwnershipFACT

Babulal and Ram Gopal S/o Late Shri Ramchandra

Estimated Land CostFACT

₹376 Lakh

Estimated Construction CostFACT

₹475 Lakh

Construction Cost / UnitDERIVED

₹2.68 Lakh

Across 177 registered units

Postal PincodeFACT

—

Source: MP RERA Form B / project detail disclosure. Cost per unit is derived from estimated construction cost divided by total registered units.

3. Inventory & AbsorptionDERIVED

Category-level unit allocation and absorption rate

177Total Units

SOLD UNITSFACT

126 (71.19%)

REMAINING UNITSFACT

51 (28.81%)

ABSORPTION RATEDERIVED

71.19%

Mahanka inventory observation: The statutory registry records 177 registered units, with 126 sold and 51 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
1	Plot	33	30	3	90.91%
2	Plot	22	21	1	95.45%
3	Plot	30	17	13	56.67%
4	Plot	4	4	0	100%
5	Plot	6	6	0	100%
6	Plot	63	44	19	69.84%
7	Plot	9	4	5	44.44%
8	Plot	10	0	10	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETED

Proposed StartFACT

2022-03-01

Proposed CompletionFACT

2025-02-28

Project AgeDERIVED

1641 days

Days to CompletionDERIVED

—

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Village Puarda Junarda, Tehsil Hatod, District Indore

Matched LocalityMATCHED

Galaxy

Tier: STRONG (86% conf.)

Match Evidence: Locality 'Galaxy' in address/title with district indore

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

PARYAV REAL ESTATE PVT LTD

Entity TypeFACT

Company

PARYAV REAL ESTATE PVT LTD1 Total Indexed Projects

COMPLETED1

ONGOING0

EXTENDED0

OVERDUE0

Portfolio Absorption: 71.19% across 177 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹22,000 / sqm

Multi-Story ResidentialMATCHED

₹22,680 / sqm

Commercial OfficeMATCHED

₹37,200 / sqm

Guideline rates are source-linked from MPIGR FY 2026–27 Statutory Gazette for Galaxy (Match Tier: STRONG).

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Galaxy

7 Peers in LocalityAvg Peer Absorption: 65%

Project	Promoter	Status	Units	Absorption	Completion
SHANTI GREEN	devcon-radhika	ONGOING	94	100%	2025-08-15
SARTHAK GALAXY- III	sarthak	ONGOING	—	—	—
UTKARSH TERRACE	brothers-chordia-contractors	ONGOING	42	0%	—
GALAXY HOME	apsara	ONGOING	135	168.89%	2020-06-01
SARTHAK GALAXY 2 PHASE-2	estate-sarthak	ONGOING	132	43.94%	2023-11-26
UTKARSH TERRACE	brothers-chordia-contractors	ONGOING	42	11.9%	2025-02-21
GALAXY ENCLAVE	l-t-developers	ONGOING	—	—	2026-12-31

9. Observable Risk & Delay SignalsINFERRED

Independent regulatory observations (not a composite score)

Proposed Completion Date PassedNO

Formally Extended by AuthorityNO

High Remaining Inventory on Overdue ProjectNO

Project Age Over 5 YearsNO

Each marker represents an independent observable signal from public filings. Mahanka does not aggregate these into a speculative score.

10. Indexed Statutory DocumentsFACT

158 categorized public files

OTHER(16)

APPROVAL(4)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(55)

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

100%Completeness Index

promoterPRESENT

timelinePRESENT

documentsPRESENT

inventoryPRESENT

project locationPRESENT

registration numberPRESENT

Formula Version: 1.0.0

Audit Timestamp: 2026-08-15T20:39:11.887Z

Coordinates are not published by MP RERA and are not invented.
Derived metrics & timeline classifications are Mahanka analytical models, not statutory certifications.

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Official Regulatory Source

This record was extracted from the public Madhya Pradesh Real Estate Regulatory Authority (MP RERA) registry.

View on MP RERA Portal

Source System:MP RERA Public Register

QA State:VERIFIED PUBLIC RECORD

City Directory

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for GALAXY CORRIDOR

Live borrowing capacity, exact stamp dues, and institutional protection underwriting.

Loan-to-Value (LTV):

Tenure:

Benchmark Rate:8.5% p.a.

Max Loan Sanction (80% LTV)

₹ 60,00,000

Collateral Base: ₹ 75,00,000

Indicative EMI (20 Yrs @ 8.5%)

₹ 52,069 / mo

Principal + Interest Component

Total Upfront Cash Required

₹ 23,02,500

20% Margin (₹ 15,00,000) + Govt Dues (₹ 7,87,500) + Legal Vetting (₹ 15,000)

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